Where have all the shorts gone?

Are there any bears or shorts out there reading this? Are the shorts all dead? Does that mean a short-term top is around the corner again? I want to hear from all of you, so please leave a comment if you’re a bear or a short.

I get a lot of great Scutify scuttles and emails from readers of The Cody Word, and here are some of the highlights of what you’ve been asking me along with my best attempt at answering your question. By the way, the Scutify iPad app is now available and it rocks.

Q. How far up do you think Tesla will go, and when would you consider shorting it, as you mentioned?

A. In a bubble-blowing bull market with 0% interest rates and desperate savers looking for gains on their money and with the momentum that Elon Musk’s name and Tesla
/quotes/zigman/118681/delayed/quotes/nls/tslaTSLA itself have going for it … not to mention the $6k welfare checks Tesla car buyers get for purchasing one and the carbon credit trading scams that Tesla’s mastered … well, it could go to $400 or $500 before it truly pops, I guess. Near-term, it sure looks like $TSLA had a blow-off top recently. I am likely to look to buy a few Tesla puts if it really starts to pullback. $TSLA$AAPL

Q. I read your opinion on the penny pot stocks such as last week based on the fact I owned about $600 to $800 in each stock as of 3 weeks ago. After reading your personal investment opinion, I decided to sell my shares in all but $HEMP.

A. I think it will work out best for you to have sold, especially when you look back in a year. GOOD LUCK.

Q. “I like your real marijuana stock picks like Calgon Carbon, Aegion and Lindsay Corp. I researched hydroponics in college as it’s the only way to grow large amounts of food close to cities. Plus for pot, it should be grown indoors to keep people from stealing plants.”

A. Interesting point about the “should be grown indoors to keep people from stealing plants.” Thank you!

Q. I saw your comment “I think there might be one last manipulated trashing of gold prices and silver prices by the big banks and the metal exchanges, maybe over the next month, to try to get one more panic in the gold holders to puke out some physical gold into the markets. Mid- and long-term I think gold is headed to $3,000 and then at least onto $10,000 before I die.” Do you mean we can start scaling into GLD, SLV, and the other ETFs like those?

A. No, I don’t like the precious metal ETFs like SPDR Gold Trust $GLDor iShares Silver Trust$SLVwith their paper promises of delivery of the actual physical metal. Stick with physical gold and silver and bullion if you’re talking about anything more than a short-term trade. And if you’d like a free copy of my book, “Everything You Need to Know About Investing in Gold and Silver,” just sign up for free on Scutify and send a scuttle to @CodyWillard.

In the meantime, I promise you that the new Scutify iPad app for investors and traders will be the best one you’ve ever used. $GOOG$AMZN

Cody Willard writes Revolution Investing for MarketWatch, posts the trades from his personal account at TradingWithCody.com, which is not affiliated with MarketWatch, and is the largest shareholder in Scutify‘s parent company, Wall Street All-Stars. At time of publication, Cody was net long JDSU and physical gold and silver. Follow Cody on Twitter at twitter.com/codywillard.

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About The Cody Word

Cody Willard writes the Revolution Investing investment newsletter for MarketWatch and posts the trades from his personal account at TradingWithCody.com He is the founder of WallStreetAll-Stars.com and the principal of CL Willard Capital. Cody serves as an adjunct professor at Seton Hall University and is on the University of New Mexico Alumni Board. He was an anchor on the Fox Business Network, where he was the co-host of the long-time #1-rated show on the network, Fox Business Happy Hour. Cody, a former hedge fund manager, and his stock picks and economic outlooks have been featured on NBC’s The Tonight Show with Jay Leno, ABC’s 20/20, CBS Evening News, CNBC’s SquawkBox, Jon Stewart’s The Daily Show, as well as in the Financial Times, Wall Street Journal, New York Times, and many other outlets.